South32 to invest $2.1 billion in Hermosa project in Arizona
The project was the first to be added to the US FAST-41 permitting process, and the company said it has the potential to be one of the world’s largest zinc producers.
Demand from the new energy vehicles, solar, wind and China's grid investment remains resilient; and copper is also benefiting from high-growth industries such as the data centres for AI and defense needs.
The company expanded its Green Bay copper-gold project’s contained metal by 42% in an update this week, putting it on course to restart the Ming mine in 2028.